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Par value Coupon interest rate Years to maturity Current value $500 8% 20 $320 Yield to...

Par value Coupon interest rate Years to maturity Current value
$500 8% 20 $320

Yield to maturity  The bond shown in the following table pays interest annually

a. Calculate the yield to maturity ​ (YTM​) for the bond. b. What relationship exists between the coupon interest rate and yield to maturity and the par value and market value of a​ bond? Explain.

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